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definition for mortgage loan quote ? finance definition what is it a APR or EAR? What's used to discount the cash flows of a bond

definition for mortgage loan quote ? finance definition what is it a APR or EAR?

What's used to discount the cash flows of a bond when calculating its market value ?

If I own a bond which pays a 3.1% coupon and the current market yield for my bond is 5.25%, is my bond's price at a premium, discount or at par?

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